- Tesla and Spacex CEO Elon Musk shared his view on the U.S. economy
- Recession Will Last 18 Months – Musk
- Leverage or debt that companies have right now is relatively low
Tesla CEO Elon Musk accepts expansion has topped and the U.S. economy will be in a downturn for around year and a half.
They truly do get a fair piece of knowledge into where costs of things are going over the long run, the extremely rich person made sense of, taking note of that expansion will drop quickly.
Elon Musk Explains Why He Thinks Inflation Has Peaked
Answering to an inquiry concerning expansion, he made sense of they really do get a fair piece of knowledge into where costs of things are going over the long run since while you’re making a large number of vehicles, you need to buy products numerous months ahead of when they’re required. Because it’s a long store network with a colossal measure of inactivity, so we kind of have some understanding into where costs are going over the long haul.
Musk definite that the fascinating thing that they’re seeing presently is that a large portion of their wares, the majority of the things that go into a Tesla — not all, however the greater part — the costs are moving down in a half year, a half year from now.
Nonetheless, Musk noted that the making macroeconomic visualizations is a catastrophe waiting to happen however my supposition is that they are past pinnacle expansion and that they will have a downturn.
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Some bankruptcies need to happen – Elon
The Tesla CEO’s comments during the investors’ gathering repeated the tweets he made on July 28. He composed at that point tha the expansion may be moving down more Tesla product costs are moving down than up.
Musk started discussing the U.S. economy going into a downturn a couple of months prior subsequent to uncovering in March that both Tesla and Spacex saw critical expansion pressure.
They most likely are in a downturn and that downturn will deteriorate yet these things pass and afterward there will be blast times in the future. It’ll presumably be some difficult for, he doesn’t have any idea, a year, perhaps 12-year and a half, he said in May.
Source: https://www.thecoinrepublic.com/2022/08/08/elon-musk-says-inflation-has-peaked/